On April 5, Yahoo! published an insightful article detailing four things that mean big savings on real estate. Because these deals won’t last forever, there’s no time like the present to take advantage of a real estate steal!
Here’s what Yahoo! Real Estate called “4 Great Real Estate Deals That Won’t Last”:
- Lower home prices: It’s still a buyer’s market out there! Some real estate experts think prices will start to rise again this summer.
- Low interest rates: The Mortgage Bankers Association (MBA) believes that the rate on a 30-year fixed rate mortgage will increase to 6.1% by December. Buying a home before the mortgage rates increase could mean thousands of dollars saved over the life of the loan.
- First-time home buyer tax credit: The $8,000 tax credit will expire at the end of April.
- Repeat home buyer tax credit: The $6,500 tax credit will expire at the end of April.
To read the full article, click here.
